XAYS(000721)2022-04-14 16:00Financial Performance - The company's operating revenue for 2021 was ¥519,291,157.04, representing a 26.39% increase compared to ¥410,865,232.43 in 2020[25] - The net profit attributable to shareholders for 2021 was -¥168,685,966.35, a significant decrease of 1,971.71% from ¥9,012,392.67 in 2020[25] - The net cash flow from operating activities was ¥38,273,310.86, which is a 13.89% increase from ¥33,605,357.50 in 2020[25] - The total assets at the end of 2021 amounted to ¥1,559,240,437.76, reflecting a 24.10% increase from ¥1,256,480,021.35 at the end of 2020[25] - The net assets attributable to shareholders decreased by 26.89% to ¥458,689,600.56 from ¥627,375,566.91 in 2020[25] - The basic earnings per share for 2021 was -¥0.3380, a decline of 1,967.40% compared to ¥0.0181 in 2020[25] - The weighted average return on net assets was -31.06% in 2021, down from 1.45% in 2020[25] - The net profit after deducting non-recurring gains and losses was -¥176,694,363.52, worsening by 94.50% from -¥90,846,451.10 in 2020[25] Revenue Breakdown - Revenue from the restaurant service sector was ¥377,649,251.60, accounting for 72.72% of total revenue, with a year-on-year growth of 36.94%[49] - The manufacturing sector saw revenue of ¥97,045,680.25, representing 18.69% of total revenue, with a significant increase of 76.24% year-on-year[49] - Rental income amounted to ¥34,469,677.15, making up 6.64% of total revenue, with an 18.82% increase compared to the previous year[49] Operational Highlights - The company achieved a 36.94% year-on-year increase in revenue from its restaurant services segment[40] - The company launched over 30 new cultural banquet offerings and more than 1,000 new dishes during the reporting period[38] - The company completed 48 key projects, including the opening of the "Xi'an Restaurant East Street Main Store and Shaanxi Cuisine Museum"[43] - During the "14th National Games," the company provided 61,000 exclusive "Xi'an Restaurant" meal boxes and served approximately 211,500 meals to volunteers and staff[44] Cash Flow and Investments - Operating cash inflows rose by 24.15% to ¥627,485,725.41, while operating cash outflows increased by 24.88% to ¥589,212,414.55[60] - Investment cash inflows plummeted by 98.71% to ¥295,414.10, with no asset sales during the period[60] - Investment cash outflows increased by 231.11% to ¥252,117,059.80, mainly due to higher expenditures on fixed and intangible assets[60] Market and Industry Trends - The overall revenue of the restaurant industry in China for 2021 was approximately ¥46,895 billion, reflecting an 18.6% year-on-year growth[38] - The Chinese catering market has reached a scale of 2.5 trillion yuan, with the convenience food sector experiencing a rapid growth of 400% year-on-year in pre-made dishes sales during 2021[79] - The pre-made dishes market is expected to become a significant growth area in the future, driven by consumer demand for convenience and safety[79] Strategic Initiatives - The company is focusing on the development of mid-to-high-end brand image stores and single-brand convenience stores to enhance market presence and influence[82] - The company is implementing a strategy to develop a chain of convenience dining brands, targeting large communities and commercial complexes[82] - The company aims to integrate food industrial development with its main business, creating a distinctive product matrix and enhancing brand identity through cultural elements[84] Governance and Compliance - The company maintained complete independence from its controlling shareholder in terms of business, personnel, assets, finance, and organization[102] - The company has established independent financial management systems and has its own bank accounts, ensuring independent tax compliance[102] - The company has adhered to legal and regulatory requirements for information disclosure, ensuring timely and accurate communication with shareholders[101] Social Responsibility - The company actively participated in social responsibility initiatives, including donations to local welfare institutions and support during the COVID-19 pandemic[154] - The company continued its poverty alleviation efforts by providing targeted assistance to impoverished households, including financial and agricultural support[156] Human Resources - The total number of employees at the end of the reporting period was 3,871, with 2,794 in the parent company and 1,077 in major subsidiaries[133] - The company faces talent shortages in the restaurant industry and is implementing measures to attract and retain skilled personnel through salary reforms and training programs[94] Future Outlook - The company plans to expand its market presence by entering three new cities in 2022, aiming for a 25% increase in market share[118] - The company has set a performance guidance for 2022, targeting a revenue growth of 15%[118] - A strategic acquisition of a local competitor is in the pipeline, which is projected to enhance operational efficiency by 10%[118]